I took the long with SL around 1.06 incase this gets ugly but looks like it started to break out already. I think $4.00-$5 is in play
Hi traders. Following the turmoil with oil prices falling globally as demand for oil weakens, I am planning on purchasing shares in certain oil firms. One of these firms include BP. As oil prices are dwindling down, I would expect the earnings report released towards the end of April to be terrible news for the firm. Thus, I would ideally buy shares at low...
Being a veteran trader I know how inter related and cyclical the Oil market is with equities. We have not seen the end of the precipitous decline that commenced earlier this year. despite the cheaper oil prices being seen as a boost for the economy in general and for equities. Large drops in crude oil have the effect of increasing profits in the economy and...
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Looking at the price it is very clear that the oil will slip down to the price level of 52.50. The indicator used for this analysis is here for your reference LBLS Indicator For all Exchange Trading in Tradingiveiw.com/
CLV9's relative performance to an assumed Risk Free Rate of $54.00. Pivot highs and lows during the last 8 months are taken as sample series for the calculations. Given the high Sortino ratio, opening long positions around the 54 mark looks reasonable. Wide stops tend to increase odds of landing a trade significantly.
Breakdown to the lower side confirmed by TA and geopolitical pressure. Target 1: 49$ , Target 2: 40$.
Rounded to a 100 tick movement point&figure chart of USOIL. By the looks of it, oil is building up momentum @ $63 and 600 tick movement can be expected. At this point, odds favour oil moving lower towards $57 but this can change by EOW. Staying tuned for further tells.
WTI has found a nice resistance level here underneath $58/ barrel. The weekly chart shows us a nice rejection of 382-50% Fibonacci level with a bearish engulfing pattern, totally engulfing the prior weeks price action. The Daily shows us a nice Double Top pattern as well off this level, with a Daily Bearish Engulfing close this past Friday. I am not calling for a...
This is a 10H chart of CLJ2019, which will be trading until it expires the 20th of March. The Gann Box tool is squared to the high & low range of this contract; from the 7601 peak to the 4300 bottom. There are also the 45º and 15º angle lines coming from various highs and/or lows. As shown in the chart, the oil price is currently approaching the 150 day EMA, it...
Updated View On Crude Oil (27 Dec 2018) A significant short squeeze is in a making, possibly. Once, $46.4 level is broken up, it should fly up to 51.5 for now, till it meets some decent resistant. ------------- Our Analysis ------------- LONG (entry is valid as long as the price is above $42) SL $39 TP1 $51.5 TP2 $53.5 TP3 $58.1 DYODD, all the best...
USOIL opened with a massive gap that broke through some resistance lines outlined in the earlier posts. Currently the market participants are seemingly waiting for a pullback to enter limit buys and potentially targeting couple of hundred ticks. This chart shows possible price movements during the next couple of weeks. Limit buy orders around 5225, the top of the...
The wti is close to the Fibonacci 0.5 support. It will resist? If this level breaks down, the goal is the $55 supporter coinciding with the Fibonacci 0.618 level. Follow my blog and Twitter
Rising volatility coupled with an enviable uptrend continues to spur trader interest. Geopolitics or should we say Trump politics seems to be the main catalyst for the recent movements in the energy commodity. Are we in for Round Two or is this just a false signal? Trading Forex / CFDs is High Risk.
Geopolitical concerns, the Saudi Aramco IPO and Northern Hemisphere Summer - What do they all have in common? Welcome to the Energy Jungle! Are we in for some short term volatility? Trading Forex / CFDs is High Risk.
For those of you who have been following me for a while or have been in my free trade room for any period of time, you'll probably know how much I love trading oil. I live in West Texas near the largest oil plays in North America so I have a pretty good pulse with what is happening in that arena. I've been bullish on oil since $25 and even stronger bullish after...
It's going to be my Wednesay US OIL Inventories trading at 15:15 (GMT+1) 23/07/17) I'm pretty sure that it will go down at time.